Canaan Boosts Hashrate 34.6% to 10.97 EH/s, Holds 1,826 BTC
CAN•Analysts forecast a Q1 2026 loss of $0.07 per share on $9.51 million revenue while Canaan expands hashrate 34.6% year-over-year to 10.97 EH/s, producing 90 Bitcoin in April. The company maintains a 0.13 debt-to-equity ratio, 3.31 current ratio and holds 1,826 BTC plus 3,952 ETH.
1. Earnings Projection
Analysts forecast Q1 2026 EPS of -$0.07 on $9.51 million revenue, implying a trailing P/E of -1.46 and extending the company’s unprofitable streak.
2. Hashrate Expansion
Canaan’s installed hashrate grew 34.6% year-over-year to 10.97 EH/s, and its mining rigs produced 90 Bitcoin during April 2026, reflecting operational capacity expansion.
3. Financial Health
The company maintains a debt-to-equity ratio of 0.13 and a current ratio of 3.31, indicating low leverage and strong liquidity to meet short-term obligations.
4. Crypto Treasury
As of April 2026, Canaan holds 1,826 BTC and 3,952 ETH in its cryptocurrency treasury, representing a significant digital asset reserve.
